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September 20, 2021
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•      Says Due Diligence Vital for Project’s Sustainability •      Dry Dockyard a Profitable National Asset – Jamoh The Infrastructure Concession Regulatory Commission (ICRC) has issued a Certificate of Compliance for an outline Business Case (OBC) for the operation of the Modular Floating Dockyard Continue Reading
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President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company Limited. This is in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within six months of […]Continue Reading
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The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has alleged that five of its members have been killed by either bandits or kidnappers in 2021. The cable  had reported that Abubakar Abdullahi, chairman of Lere LGA chapter of MACBAN in Kaduna, was killed by gunmen on Friday. Abdullahi was said to have been forced […]Continue Reading
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The Central Bank of Nigeria (CBN) has announced that the ban on sales of foreign exchange (forex) to Bureaux De Change (BDC) operators still stands, saying that the practice is used to carry out graft and corrupt tactics.  Godwin Emefiele, CBN governor, announced this after the apex bank monetary policy committee (MPC) meeting in Abuja […]Continue Reading
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The World Bank Group has announced its decision to discontinue its Doing Business (DB) report on the heels of the irregularities in the data for China (DB 2018), Saudi Arabi, the United Arab Emirates and Azerbaijan (DB 2020). Launched in 2002, the DB report was an annual perception index and report that empirically assessed prevailing […]Continue Reading
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The Nigerian Association of Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA) has sought the assistance of Nigeria Export Processing Zones Authority (NEPZA) to stop migration of big Nigerian industries to other countries. A delegation of NACCIMA, led by its National President, Chief John Udeagbala, made this known in Abuja during a visit to Prof. […]Continue Reading
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The Federal Government has announced plans for a eurobond issuance at the international capital market (ICM) to raise $6.2 billion for financing the 2021 budget.  Eurobond issuances are debt instruments denominated in a different currency than the local one of the country where the bond is issued. The Debt Management Office (DMO), in a statement […]Continue Reading
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RIYADH — Prominent Saudi business leader and senior executive Lubna Olayan was named as the chairperson of the Board and Executive Committee of the Saudi-Swedish Business Council (SSBC) for its four-year session from 1443 to 1447. Muhammad Batterjee and Saud Al-Sulaiman were named as her deputies. The General Authority for Foreign Trade has accorded approval for […]Continue Reading